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Exhibit 10-7 In order to estimate the difference between the average hourly wages of employees of two branches of a department store, two independent random samples were selected and the following statistics were calculated. Downtown Store North Mall Store Sample size 25 20 Sample mean $9 $8 Sample standard deviation $2 $1 Refer to Exhibit 10-7. A 95% interval estimate for the difference between the two population means is _____. Selected Answer: b. .071 to 1.928

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Answer:

[tex]E(x)=1[/tex]

Step-by-step explanation:

From the question we are told that:

Sample mean 1 [tex]\=x_1=$9[/tex]

Sample mean 1 [tex]\=x_2=$8[/tex]

Sample standard deviation 1 [tex]\sigma_1 = $2[/tex]

Sample standard deviation 1 [tex]\sigma_2 = $1[/tex]

Generally the equation for Point estimate is mathematically given by

[tex]E(x)=\=x_1-\=x_2[/tex]

[tex]E(x)=9-8[/tex]

[tex]E(x)=1[/tex]

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